Form 990 for tax year 2024
Filed by GLOBAL ACADEMY OF SOUTH CAROLINA.
Totals
- Total revenue
- $8,623,718
- Total expenses
- $8,610,210
- Contributions and grants received
- $8,094,680
- Grants paid
- $0
- Program service revenue
- $43,378
- Investment income
- $59,824
- Other revenue
- $425,836
- Total assets, end of year
- $29,013,922
- Total liabilities, end of year
- $31,834,822
- Net assets or fund balances, end of year
- -$2,820,900
- Program services expenses (Part IX)
- $7,300,232
- Management and general expenses
- $1,309,978
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $7,300,232
Program services were 84.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$8,094,680
-
2a · Program service revenue: TUITION AND FEES
total $21,661 · related or exempt $21,661
-
2b · Program service revenue: REVENUE-AFTER SCHOOL P
total $8,261 · related or exempt $8,261
-
2c · Program service revenue: OTHER REVENUE
total $7,862 · related or exempt $7,862
-
2d · Program service revenue: PUPIL ACTIVITY
total $5,594 · related or exempt $5,594
-
3 · Investment income
total $59,824 · excluded $59,824
-
6a · Gross rents
real property $425,836
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $425,836
-
6d · Net rental income or loss
total $425,836 · unrelated business $425,836
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $3,361,829 · program services $2,831,165 · management and general $530,664
-
8 · Pension plan contributions
total $66,941 · program services $59,038 · management and general $7,903
-
9 · Other employee benefits
total $147,957 · program services $136,473 · management and general $11,484
-
10 · Payroll taxes
total $255,342 · program services $219,912 · management and general $35,430
-
11b · Fees: legal
total $10,850 · management and general $10,850
-
11c · Fees: accounting
total $13,500 · management and general $13,500
-
11g · Fees: other
total $331,834 · program services $13,728 · management and general $318,106
-
12 · Advertising and promotion
total $14,816 · management and general $14,816
-
13 · Office expenses
total $27,481 · management and general $27,481
-
14 · Information technology
total $16,456 · program services $12,897 · management and general $3,559
-
16 · Occupancy
total $660,497 · program services $660,497
-
17 · Travel
total $14,054 · program services $1,780 · management and general $12,274
-
20 · Interest
total $2,392,144 · program services $2,392,144
-
22 · Depreciation, depletion and amortization
total $543,857 · program services $435,086 · management and general $108,771
-
23 · Insurance
total $12,289 · management and general $12,289
-
24a · Other expenses: SCHOOL LUNCH EXPENSES
total $337,255 · program services $337,255
-
24b · Other expenses: FEE PAID TO DISTRICT
total $146,063 · management and general $146,063
-
24c · Other expenses: STUDENT SUPPLIES & TEXT
total $105,054 · program services $105,054
-
24d · Other expenses: STUDENT ACTIVITIES
total $47,495 · program services $47,495
-
24e · All other expenses
total $104,496 · program services $47,708 · management and general $56,788
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $6,735,800 · end of year $1,719,394
-
2 · Savings and temporary cash investments
end of year $1,456,021
-
3 · Pledges and grants receivable
beginning of year $116,996 · end of year $81,466
-
9 · Prepaid expenses and deferred charges
end of year $27,351
-
10a · Land, buildings and equipment: cost or other basis
$26,517,059
-
10b · Land, buildings and equipment: accumulated depreciation
$817,194
-
10c · Land, buildings and equipment, net
beginning of year $16,867,790 · end of year $25,699,865
-
15 · Other assets
beginning of year $5,205,201 · end of year $29,825
-
17 · Accounts payable and accrued expenses
beginning of year $322,995 · end of year $97,622
-
20 · Tax-exempt bond liabilities
beginning of year $27,840,000 · end of year $27,840,000
-
23 · Secured mortgages and notes payable
beginning of year $3,597,200 · end of year $3,897,200
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year -$2,834,408 · end of year -$2,820,900
Mission and programs · 2024
Mission
THE MISSION OF GLOBAL ACADEMY OF SOUTH CAROLINA IS TO PROVIDE A SAFE AND INCLUSIVE LEARNING ENVIRONMENT THAT PROMOTES GLOBAL CITIZENSHIP, CULTURAL UNDERSTANDING, AND ACADEMIC EXCELLENCE. WE STRIVE TO EMPOWER STUDENTS TO BECOME WELL-ROUNDED INDIVIDUALS WHO ARE CRITICAL THINKERS, EFFECTIVE COMMUNICATORS, AND COMPASSIONATE LEADERS. THROUGH A RIGOROUS CURRICULUM THAT INTEGRATES INTERNATIONAL PERSPECTIVES AND INNOVATIVE TEACHING METHODS, WE AIM TO FOSTER CURIOSITY, CREATIVITY, AND RESILIENCE IN OUR STUDENTS. OUR COMMITTED FACULTY AND STAFF WORK COLLABORATIVELY WITH PARENTS AND THE WIDER COMMUNITY TO EMPOWER LIFELONG LEARNERS WHO EMBRACE DIVERSITY AS AN ASSET AND CONTRIBUTE POSITIVELY TO OUR INTERCONNECTED WORLD.
Activities or mission (Part I)
GLOBAL ACADEMY OF SOUTH CAROLINA IS A PUBLIC CHARTER SCHOOL LOCATED IN SPARTANBURG SC
-
DURING THE 2024-25 SCHOOL YEAR, THE SCHOOL ENROLLED APPROXIMATELY 600 STUDENTS.
Expenses $7,300,232 · Revenue $43,378
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Liliya KovalevichLILIYA KOVALEVICH
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Vitaliy B SulakovVITALIY B SULAKOV
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Roman LyubarROMAN LYUBAR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Marissa AulickMARISSA AULICK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Lynne LeaheyLYNNE LEAHEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Oksana SleptsovOKSANA SLEPTSOV
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Andrey RyzhkovANDREY RYZHKOV
TREASURER
- Total calculated
- $0
- Hours/week
- 5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 6 February 2026
- IRS schema version
- 2024v5.5
- Source object
- 202620389349300002
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.